Property tax calculator: See how much Amendment 1 would cost you

September 14, 2022

Typical homes in Cook County would see an estimated property tax hike of $2,935 over four years if voters pass Amendment 1

PRESS RELEASE from the
ILLINOIS POLICY INSTITUTE

CONTACT: Micky Horstman (312) 607-4977

Property tax calculator: See how much Amendment 1 would cost you
Typical homes in Cook County would see an estimated property tax hike of $2,935 over four years if voters pass Amendment 1

CHICAGO (Sept. 14, 2022) — Illinois voters have an opportunity to take a statewide vote against rising property taxes when they decide Nov. 8 whether to insert Amendment 1 into the state constitution.

According to the Illinois Policy Institute, Amendment 1 would open Illinoisans to nonstop property tax hikes, estimated at more than $2,100 for the typical Illinois homeowner during the next four years. Now, a calculator released today by the institute reveals just how much property taxes would rise for different homeowners across the state.

Amendment 1 could cost typical families: 
  • $2,935 more in property taxes in Cook County.
  • $2,125 more in property taxes in DuPage County, $2,256 more in Kane County, $2,330 more in Lake County, $2,626 more in McHenry County and $2,046 more in Will County.
  • $646 more in property taxes in Madison County and $834 more in St. Clair County.
  • $869 more in property taxes in Sangamon County, $1,012 more in Champaign County and $1,003 more in Rock Island County.

These tax hikes are low-end estimates assuming property taxes grow at their historic rates. The property tax increases could be significantly higher if voters approve Amendment 1 and its broad increases in government union power.

“Amendment 1 is a property tax hike in disguise that will hurt low-income families and seniors on fixed incomes. Families in Illinois can’t afford to see their cost of living rise any more. But that’s exactly what would happen,” said Mailee Smith, director of labor policy and staff attorney for the nonpartisan Illinois Policy Institute. “Amendment 1 would grant government union bosses virtually unlimited bargaining powers and the ability to override state law through their contracts. Voters would be forced to fund these demands with ever-increasing taxes, while powerless to change it.”

To use the property tax calculator, visit illin.is/taxcalc.

For bookings or interviews, contact media@illinoispolicy.org or (312) 607-4977.